Groupon Plans New IPO

Groupon is reportedly in talks with financial institutions to roll out an initial public offering (IPO) in 2011.

Citing people familiar with the matter, Bloomberg reported that the company is talks with a number of securities firms to help it with the public offering, which may take place by the middle of the year.

The same sources also said that the company plans to launch the IPO in the middle of 2011 and is expected to choose from as many as six banks to supervise the sale.